📊 CALX Key Takeaways
Is Calix, Inc. (CALX) a Good Investment?
CALX demonstrates strong revenue growth (20.3% YoY) with exceptional cash generation (FCF of $115.5M, 11.6% margin) and pristine balance sheet strength (4.24x current ratio, zero debt). However, profitability remains constrained with net margins at 1.8% and ROE/ROA below 2.2%, indicating operational leverage challenges despite gross margin expansion to 56.8%.
Calix shows solid fundamental momentum with 20.3% revenue growth, sharply improved net income and EPS, and strong free cash flow generation. Its balance sheet is exceptionally clean, with no long-term debt, high liquidity, and substantial equity, which supports resilience and reinvestment capacity. The main constraint is that operating and net margins remain thin, so the durability of recent earnings improvement still needs to be proven.
Why Buy Calix, Inc. Stock? CALX Key Strengths
- Outstanding revenue growth of 20.3% YoY reaching $1.0B, signaling strong market demand
- Exceptional free cash flow generation of $115.5M (11.6% of revenue) with minimal capital intensity ($19.4M CapEx)
- Fortress balance sheet with zero long-term debt, $143.1M cash, 4.24x current ratio, and 477x interest coverage
- Net income growth of 160.1% YoY to $17.9M demonstrates improving bottom-line trajectory
- Strong gross margins at 56.8% indicating pricing power and favorable product mix
- Revenue growth is strong at 20.3% YoY, indicating healthy demand and business expansion
- Gross margin of 56.8% and free cash flow of $115.52M suggest good product economics and cash conversion
- Balance sheet strength is high with no long-term debt, 4.24x current ratio, and $143.09M in cash
CALX Stock Risks: Calix, Inc. Investment Risks
- Operating margin severely depressed at 2.1% despite strong revenue growth, suggesting SG&A and operational inefficiencies
- Return on equity and ROA both anemic at 2.1% and 1.7% respectively, indicating poor capital efficiency
- Net margin of 1.8% leaves minimal room for margin compression or cost inflation
- 9 Form 4 filings in last 90 days may signal uncertainty or elevated insider trading activity requiring scrutiny
- Operating income of only $21.0M on $1.0B revenue suggests limited operational scalability at current cost structure
- Operating margin of 2.1% and net margin of 1.8% remain low, leaving limited room for execution missteps
- Returns on capital are still modest, with ROE of 2.1% and ROA of 1.7%
- Recent earnings growth may be difficult to sustain if cost discipline weakens or revenue growth slows
Key Metrics to Watch
- Operating margin expansion and path to 5%+ as revenue scales
- Return on equity improvement trajectory given strong FCF generation
- SG&A as percentage of revenue and overhead efficiency gains
- Gross margin sustainability amid competitive or cost pressures
- Free cash flow conversion rate relative to net income
- Operating margin expansion
- Free cash flow margin
Calix, Inc. (CALX) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 4.24x current ratio provides a solid financial cushion.
CALX Profit Margin, ROE & Profitability Analysis
CALX vs Telecom Sector: How Calix, Inc. Compares
How Calix, Inc. compares to Telecom sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Calix, Inc. Stock Overvalued? CALX Valuation Analysis 2026
Based on fundamental analysis, Calix, Inc. has mixed fundamental signals relative to the Telecom sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Calix, Inc. Balance Sheet: CALX Debt, Cash & Liquidity
CALX Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Calix, Inc.'s revenue has grown significantly by 20% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.42 reflects profitable operations.
CALX Revenue Growth, EPS Growth & YoY Performance
CALX Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $200.9M | -$4.0M | $-0.06 |
| Q2 2025 | $198.1M | -$199.0K | $0.00 |
| Q1 2025 | $220.2M | $103.0K | $0.00 |
| Q3 2024 | $200.9M | -$4.0M | $-0.06 |
| Q2 2024 | $198.1M | -$7.9M | $-0.12 |
| Q1 2024 | $226.3M | $103.0K | $0.00 |
| Q3 2023 | $236.3M | $13.4M | $0.19 |
| Q2 2023 | $202.0M | $7.5M | $0.11 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Calix, Inc. Dividends, Buybacks & Capital Allocation
CALX SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Calix, Inc. (CIK: 0001406666)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CALX
What is the AI rating for CALX?
Calix, Inc. (CALX) has a Combined AI Rating of BUY from Claude (BUY) and ChatGPT (BUY) with 75% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CALX's key strengths?
Claude: Outstanding revenue growth of 20.3% YoY reaching $1.0B, signaling strong market demand. Exceptional free cash flow generation of $115.5M (11.6% of revenue) with minimal capital intensity ($19.4M CapEx). ChatGPT: Revenue growth is strong at 20.3% YoY, indicating healthy demand and business expansion. Gross margin of 56.8% and free cash flow of $115.52M suggest good product economics and cash conversion.
What are the risks of investing in CALX?
Claude: Operating margin severely depressed at 2.1% despite strong revenue growth, suggesting SG&A and operational inefficiencies. Return on equity and ROA both anemic at 2.1% and 1.7% respectively, indicating poor capital efficiency. ChatGPT: Operating margin of 2.1% and net margin of 1.8% remain low, leaving limited room for execution missteps. Returns on capital are still modest, with ROE of 2.1% and ROA of 1.7%.
What is CALX's revenue and growth?
Calix, Inc. reported revenue of $1.0B.
Does CALX pay dividends?
Calix, Inc. does not currently pay dividends.
Where can I find CALX SEC filings?
Official SEC filings for Calix, Inc. (CIK: 0001406666) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CALX's EPS?
Calix, Inc. has a diluted EPS of $0.26.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is CALX a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Calix, Inc. has a BUY rating with 75% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is CALX stock overvalued or undervalued?
Valuation metrics for CALX: ROE of 2.1% (sector avg: 15%), net margin of 1.8% (sector avg: 14%). Compare these metrics with sector averages to assess valuation.
Should I buy CALX stock in 2026?
Our dual AI analysis gives Calix, Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is CALX's free cash flow?
Calix, Inc.'s operating cash flow is $135.0M, with capital expenditures of $19.4M. FCF margin is 11.6%.
How does CALX compare to other Telecom stocks?
Vs Telecom sector averages: Net margin 1.8% (avg: 14%), ROE 2.1% (avg: 15%), current ratio 4.24 (avg: 1).